Oil prices hit highest mark since 2014 after Trump’s decision on Iran

Crude oil prices hit 3-1/2-year highs on May 9th, a day after President Donald Trump pulled the United States out of an international nuclear agreement with Iran, according to Reuters. The news service says West Texas Intermediate crude futures hit their highest level since November 2014 at $71.14 per barrel, while Brent crude futures jumped nearly 3% to $77.21. Reuters says President Trump’s move sparked fears of increased tension in the Middle East and uncertainty over global oil supplies. For more, read the full story.